Serabi Mining plc
19 January 2007
SERABI MINING plc ('Serabi' or 'the Company')
APPOINTMENT OF TECHNICAL DIRECTOR
The Board of Serabi is pleased to announce the appointment of Mr Michael Hodgson
as Technical Director (Executive) of the Company. Mr Hodgson will assume
technical responsibility for operational matters of the Company's Palito gold
mine, new projects and opportunities.
Working in the industry for over 20 years, Mr Hodgson has extensive
international mining experience as a senior executive and consultant. Most
recently Mr Hodgson worked as Chief Operating Officer and Vice President
Technical Services for Canadian based Orvana Minerals Corporation, where he
successfully improved results at their 80,000 oz p.a. underground gold mine in
Bolivia. Immediately prior to that he provided consulting services to a number
of mining companies in Europe and South America. Previous appointments included
various senior technical appointments, including Manager Technical Services and
Operations for TVX Gold Inc.'s base metal operation in Greece, Mining Technical
Consultant at ACA Howe International Ltd. and other similar roles at Rio Tinto
plc and Zambia Consolidated Copper Mines Ltd and has during his career acquired
extensive experience in narrow vein underground mining operations.
Originally qualified in mining geology, Mr Hodgson is a Fellow of the Institute
of Materials, Minerals and Mining, a Chartered Engineer of the Engineering
Council of UK and a 'Qualified Person' in accordance with the Canadian National
Instrument 43-101 - Standards of Mineral Disclosure for Mineral Projects.
The Board considers that Mr Hodgson's experience will bring significant benefits
to improving and growing the Company's interests in Brazil. His appointment
marks the first addition to the board since listing on the London AIM market in
May 2005 and reflects the expanding interests and demands as the Company seeks
to grow its production and develop new opportunities.
Commenting on the appointment, Graham Roberts, the Chairman of Serabi said:
'We are pleased to welcome Mike to the Board of Serabi at a time when the
Company is poised to grow further, based on an already strong strategic and
production position achieved over the past two years. His previous experience is
particularly relevant to our operations and will provide substantial impetus to
the development of Serabi's projects in Brazil. His appointment will both
strengthen the Board as well as provide key day-to-day guidance in order to
optimize and develop our operations further.'
The following disclosures are made in respect of Mr Hodgson:
Other current directorships and partnerships: None
Directorships and partnerships held in the last five years: None
Save as disclosed above there are no further disclosures required to be made in
accordance with Section 2 (g) of the AIM rules.
Mr Hodgson has been granted options in accordance with the Company's Long Term
Incentive Plan (the 'Plan') over 600,000 ordinary shares of 10 pence each,
exercisable at 32.25 pence. Subject to the conditions set out in the Plan these
options may be exercised up until 18th January 2017.
Enquiries
Serabi Mining plc Numis Securities Limited
Graham Roberts Tel: 020 7220 9550 John Harrison Tel: 020 7776 1500
Chairman Mobile: 07768 902475 James Black Tel: 020 7776 1500
Clive Line Tel: 020 7220 9553 Parkgreen Communications
Finance Director Mobile: 07710 151 692 Simon Robinson Tel: 020 7851 7480
E-mail: contact@serabimining.com Clare Irvine Tel: 020 7851 7480
Website: www.serabimining.com clare.irvine@parkgreenmedia.com
This information is provided by RNS
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